XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 03, 2013
May 04, 2012
Cash flows from operating activities:    
Net earnings $ 109,798 $ 88,741
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Noncash income from finance affiliate (3,532) (2,802)
Provision for depreciation and amortization 26,890 25,664
Stock-based compensation expense 5,336 5,031
Decrease (increase) in deferred income taxes 281 (396)
Other 81 (121)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Receivables, net (160,534) (126,215)
Inventories, net (59,082) (21,270)
Prepaid expenses and other assets (3,486) (5,066)
Accounts payable, accrued liabilities, deferred revenue, and other long-term liabilities 120,896 125,929
Net cash provided by operating activities 36,648 89,495
Cash flows from investing activities:    
Purchases of property, plant, and equipment (19,508) (21,905)
Proceeds from asset disposals 73 96
Contributions to finance affiliate, net (4,669) (3,559)
Acquisitions, net of cash acquired   (9,663)
Net cash used in investing activities (24,104) (35,031)
Cash flows from financing activities:    
Repayments of short-term debt (415) (922)
Repayments of long-term debt (1,548) (1,670)
Excess tax benefits from stock-based awards 4,577 6,879
Proceeds from exercise of stock options 6,573 13,268
Purchases of Toro common stock (50,499) (56,067)
Dividends paid on Toro common stock (16,364) (13,228)
Net cash used in financing activities (57,676) (51,740)
Effect of exchange rates on cash and cash equivalents (383) (1,038)
Net (decrease) increase in cash and cash equivalents (45,515) 1,686
Cash and cash equivalents as of the beginning of the fiscal period 125,856 80,886
Cash and cash equivalents as of the end of the fiscal period 80,341 82,572
Supplemental disclosures of cash flow information:    
Long-term debt issued in connection with an acquisition   $ 100